The coronavirus disease (COVID-19) pandemic has highlighted the crucial role of vaccines in publi
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Vaccine Research and Development (R&D) in the Asia-Pacific: The economics of vaccine R&D and policy recommendations to overcome market failures and promote R&D cooperation
The COVID-19 pandemic has highlighted both the strengths and weaknesses of national, regional, an
Demystifying Impact of Food Losses in International Trade of Food Products: Building Narrative for Developing Countries from Indian Perspective
Food loss remains one of the central points of collective action around the world, as reflected i
In Asia-Pacific, over the last few decades, countries have focussed on improving thei
Mainstreaming sustainable development in regional trade agreements: Comparative analysis and way forward for RCEP
In this paper, we review the sustainable development content of regional trade agreements (RTAs)
Digital economies and evolving regulations: A parametric and nonparametric approach with bad output across countries
The authors use the non-parametric Data Envelopment Analysis (DEA) and the parametric Stochastic Frontier Analysis (SFA) to workout efficiency and productivity of the ICT sector across 50 countries for the time period 2016 and 2020. By considering OECD - DSTRI index as bad output, the study intends to estimate the influence of digital trade regulations (or digital services trade restrictiveness) on productivity and efficiency of the ICT sector across countries. The SFA scores are compared with the DEA efficiency scores and Malmquist Index based on four DEA problems are used to work out the total factor productivity of the ICT sector across countries and over two time periods. Cross country regression is run to understand the impact of ICT efficiency and productivity on average annual growth rate of GDP per-capita among other control factors. The authors use network readiness index of the World Economic Forum along with OECD-DSTRI index as our database. Broadly, our results are three-fold. Firstly, the authors find that trade restrictiveness has very little to do with technical efficiency based on SFA frontier analysis. Secondly, the authors find no statistical difference in the technical efficiency scores of high and middle-income countries based on DEA analysis. The author also found evidence of Asian countries faring better than the European Union countries in context of technical efficiencies. Thirdly, from our empirical results it seems that adoption of ICT and the so-called disruptive 4IR technologies have replaced labour and henceforth, the author hypothesize that higher unemployment leads to higher growth rate along with a positive impact of network readiness on the growth rates. It seems that net neutrality and addressing pernicious regulations related to the ICT sector - barrier to competition, among others like foreign entry, mobility of people, regulatory transparency across countries can improve the productivity and efficiency of the ICT sector.
Ex-ante evaluation of India’s trade alliance with Indo-Pacific region: A general equilibrium analysis
This study attempts to analyse the economy wide impact of Indo-Paci
In light of the spread of Covid-19 cases in India during the second wave, the Government of India
If the US-China trade war is here to stay, what are the risks and opportunities for other GVC economies outside the war zone?
Over the last three years, trade tensions between the United States (US) and Ch